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Search Results 0 to 49 of about 159 (some duplicates have been removed)
CSPAN
Sep 26, 2012 7:00am EDT
from the crisis affecting the advanced economies. what can the imf do? well, we can help. we have refrained some of our instruments, effective credit line, for instance. the precautionary and liquidity credit lines which are both instruments aimed at comforting the country that is actually having the right set of policies in place, acts on tape as we say, in many countries have actually used those facilities, the case from mexico, the case for colombia, the case for polling, the case for morocco more recently with a precaution and liquidity lines. and together those not actually exceed the amount of commitment that we have for europe. okay, turning now to low income countries. they have performed relatively well through the crisis, and, frankly, when you look at numbers, starting from a low base admittedly of course, their numbers are generated in excess of any growth numbers we've seen in either advanced or emerging markets economies. but today they're more exposed to shifts in economic fortunes. i do not simply mean the potential fallout from the advanced economies, which would
CSPAN
Sep 24, 2012 8:30pm EDT
, managing director of the imf since july a year ago. madam lagarde has obviously been playing a very central role in the management of the global economic and financial crises from its outset, from the prior position as minister i. manson rant and continuing of coors at the home of the imf. she famously attended some of her high school in earlier days here in bethesda. she is a lawyer by training, spent much of her career at a current mckinsey becoming chairman of the global executive committee and then chairman of their global strategic committee in 2004. she then joined the french government in 2005, originally as minister for foreign trade of them as minister for fisheries her brief time and then in june june 2007, just in time for the crisis to hit, she became the first woman to hold the post of minister of finance and economy of any g7 country. a rather notable milestone. she reminds me of is a couple of french men and a frenchwoman who can play a critical role in dealing with the world financial crisis going forward and indeed, that is the case. she should do at the same counse
CSPAN
Sep 30, 2012 2:00pm EDT
occasion of the total curtain reason of the imf annual meeting taking place in tokyo. you asked me to remind the audience that fred is not retiring at all. and certainly count on you to be actually loyal to your principles. there are two principles i would like to single out about you. first of all is your devotion to put global considerations in the mind of policy-makers. that is not an easy thing to do. international considerations do not go by that easy with policymakers, neither here nor there nor anywhere for that matter. so i know you will continue doing that. second, you're very deep belief in the fact that policy actions make the difference and that is one of the points that we will tori -- that we will try to poke fun. and -- that we will try to focus on. of course, i am very pleased to continue our collaboration with your successor, adam posen, was not with us today, but who will be taking over. policyw weeks' time, makers will gather in tokyo for the imf and world bank annual meeting. i talked it over with fred and felt this would be the right time to talk about where the e
FOX Business
Sep 16, 2012 9:30am EDT
stuff is expensive. we send money to the imf, they send it to europe. is anybody in europe paying attention to the austerity measures? no. everyone keeps saying he did it. no one takes any blame for anything anymore, including here at home. we keep bailing our own selves out. it has to stop or no one is going to fix anything. why should you when you just expect the check is coming in the mail. >> should we be bailing out europe, in fact, because what happens over there keeps killing our markets here. it's been nothing but problems for two years. >> the problem with europe started by greece, they lied about their debt, they never had that 3% level you're supposed to have to get in the e.u. so they don't have anything to go back to. and right now angela merkel is trying to bail out her own banks through this huge imf bailout. the same thing that happened to aig. once you stuck money in it, it went to banks. that's what they're doing. back door bailout for banks. you've got to let these countries start dealing with it themselves. there is no hope. i don't believe, in my opinion, for
CNBC
Sep 25, 2012 4:00am EDT
think the imf has been going beyond its mandate and acting too much like a bank. meanwhile in washington, they're not pleased because they think the imf is stepping up and do the work that they would rather see germany do. >> we're r. we just like to be pragmatists. coming up, we'll go to berlin where angela merkel is about to speak. >> and then over to new delhi, business travel is giving a boost to the hotel business. chairperson of park hotels will be here. >> and sydney, the rba has warned its banks to be wary of the fallout of the eurozone debt crisis. >> and name dropping in new york. we hear from a morgan stanley executive on how their name change will impact the brokerage business. >> are we going to enough places around the world for you today? sydney, berlin, india, new delhi, new york -- >> and there's more to come. >> first, though, the imf says it will cut its global growth outlook. speaking at an event in washington, d.c., christine lagarde urged policymakers to take decisive steps to secure sustained economic growth. >> this time what we need is not just a bounc
CSPAN
Sep 26, 2012 7:30am EDT
. >> you wrote about it. >> i was struck by a comment you made in your interview with the imf survey on friday. where you said, and i quote, asia has been a fantastic partnership for the imf. now, i like that because it's kind of a conventional wisdom that asia was not so happy with the imf ever since the asian crisis. indeed, that the asian for creating their own regional financial mechanism, perhaps in some point to rival the imf. so i was struck and very encouraged by the state. i would like to ask you to elaborate on the. >> i would be very happy to do that. and i think the legacy of what's happened in asia a decade ago was a mixture of resistance, frustration, stigma, reluctance to partner with. and i think a lot of it is fading away. i was in indonesia, i was in thailand right after the meeting visiting other asian countries. i really see that as updating. it's also may be induced a little bit by circumstance but those questions are doing a lot better. they went through a terrible, terrible time, including with us trying to help, but now they are faring a lot better than advanc
CSPAN
Sep 30, 2012 3:56pm EDT
argentina statistics. on monday, there was a lot of expectation that the imf would make a declaration of censure because of the lack of progress in ameliorating of the quality of statistics. but in the end, they gave argentina more. i want to know what you expect. do think they can do incommoded did that do to now? if not, what will happen in december? >> thank you. you know, the quality of our analysis and the credibility that is associated with our work relies on the brain of our analysis and economists and also on the integrity of the data on which they base modeling in calculation and all of it. so i am determined to make sure that we have the right data. and where we have gaps, that we try to fill in gaps bewitches clearly the case in the financial sector where we -- we try to fill in the gaps, which is clearly the case in the financial sector. the argentinian like football, the real football, what is called soccer here. but we have the choice between the yellow card or the red card. [laughter] i have trust in which people can achieve. sometimes it is the best. so it was a yellow ca
CSPAN
Sep 24, 2012 11:00pm EDT
money come either from the multilateral community such as the imf for individual creditors. i know you will not comment on negotiations currently under way, but i'm wondering if you could provide perspectives on how to think about that combination of solution or are there other potential components that are being menaced by the debate at the moment because there is a lot of concern and people go running off in one direction or another. if you can provide perspective on how you think about the passage of potential solutions that one could consider as promoting stability in the financial system. >> i think you are knowledgeable. clearly if much of comments. i'm not going to throw into the intricacies of how much more, how much less. it is important to keep in mind two things that i know which country you're referring to. the fiscal gap, the structural reforms, the financing of the programs, but also the sustainability of the country going forward so it can walk want premise to see that not always with a huge backup data on its back. it's a whole combination of matters that need to be
CNBC
Sep 7, 2012 4:00am EDT
the imf. so, i think we have a lot more clarity here. i think there were other points as well that were very useful, that emerged out of yesterday's press conference. in particular, the idea that ireland and portugal could actually be part of the ecb purchasing, and that would definitely assist their way of getting back to market access. that's an important issue for the financial markets. i think as well it was fairly clear that the governing counsel was not trying to get some form of seniority for this new purchase program. that, again, is very important because i think investors have been very concerned that ultimately the ecb might find it difficult to avoid being seen to be in some form of senior status for the purchases it makes. so, i think the level of commitment, the general tone of the press conference, always very important. now, concerning the specific point about what the esfs and esm actually do, and what happens next, that is still uncertain, frankly. a lot really is going to hinge upon what spain is going to be asking for here. in the case of spain, it's actually a
FOX Business
Sep 23, 2012 2:00am EDT
. you should cut off the imf that gives better descriptions and ruins these countries. it is economic. >> and rich, go ahead. >> wealth of nations. >> and the problem sthere is a fallacy to your argument. >> there usually is. go back to the difference between jimmie carter and ronald reagan. it is political correctness and reagan did the opposite. >> victoria? go ahead. >> rick, the point is, we are handing these people blank checks and then apologizing for it. and going into these places oh, we are so sorry for the random video that a whacko put out on the internet. come on, you have to show strength. >> hold on a second. rick, i know you are not in favor of the money leaking in the wront hands. way to continue the aid to people who share our about. it is our money after all. yes, we want to influence that region but not in the hands of terrorist. >> that's fair enough. but listen to the arguments. suddenly it is about apologies and nonsense that is political. foreign policy does not exist in that realm. >> apologies are nan sensical. >> ask senator mccain who argued with paul. >> ri
FOX Business
Sep 8, 2012 12:00am EDT
is hilarious. the hungarian prime minister looks to do everything short of defunding the imf and a video message on the prime minister's official facebook page. he said that hungary will not accept pension cuts and bank tax cuts in exchange for an estimated $19 billion imf loan. talk about rejection. first of all, what are those people doing on facebook? >> my take is it shouldn't happen on facebook. a public forum. the kind of stuff you should be doing face-to-face. the day before they said there were working an agreement and everything was working in the right direction. they didn't like with the imf was doing. unlike the conditions. >> behind closed doors. >> the presidential election on facebook. [laughter] >> why not? melissa: i guess one not. i'm wondering if this is real. i feel like there's something more. some aid is on facebook doing something or some -- i can't believe that real, serious people live there. >> we discussed this before we came out. major international monetary decisions on facebook. melissa: all right. thanks to both of you. >> thank you. melissa: the
FOX Business
Sep 8, 2012 11:00pm EDT
accept the imf conditions in exchange for an estimated $19 billion loan. his announcement took the world by surprise. the day earlier he said the negotiations for the loan were going well. for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. ♪ cheryl: does your favorite restaurant chain break federal labor laws? and knew law says darden restaurants incorporated which includes all of garden, when stakeouts, capital grille, red lobster, underpaying its workers with more on this. fox news legal analyst joining me now. so, they're looking for a class action
FOX Business
Sep 9, 2012 4:00am EDT
public way. did on facebook. said that hungary cannot accept the imf conditions in exchange for an estimated $19 billion loan. his announcement took the world by surprise. the day earlier he said the negotiations for the loan were going well. for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. ♪ cheryl: does your favorite restaurant chain break federal labor laws? and knew law says darden restaurants incorporated which includes all of garden, when stakeouts, capital grille, red lobster, underpaying its workers with more on this. fox news legal analyst joining me now. so, they're looking for a class action on this. >> class action, but they only have to practice. i have the complete right here. nineteen pages, and they're only alleging to plaintiffs. they're saying, thousand employees with all of these companies, i'm really getting, there under paying their employees. they're sayin
FOX Business
Sep 9, 2012 10:00pm EDT
. said that hungary cannot accept the imf conditions in exchange for an estimated $19 billion loan. his announcement took the world by surprise. the day earlier he said the negotiations for the loan were going well. for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. ♪ chery
FOX Business
Sep 7, 2012 9:00pm EDT
. did on facebook. said that hungary cannot accept the imf conditions in exchange for an estimated $19 billion loan. his announcement took the world by surprise. the day earlier he said the negotiations for the loan were going well. for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. abigail higgins had... ...a tree that bore the most rare and magical fruit. which provided for their every financial need. and then, in one blinding blink of an eye, their tree had given its last. but with their raymond james financial advisor, they had prepared for even the unthinkable. and they danced. see what a raymond james advisor can do for you. ♪ cheryl: does your favorite restaurant chain break federal labor laws? and knew law says darden restaurants incorporated which includes all of garden, when stakeouts, capital grille, red lobster, underpaying its workers with more on this. fox news legal an
CNBC
Sep 14, 2012 4:00am EDT
imf on the spanish rescue package worth 300 billion euros. stefane is following the story for us. >> reporter: it looks like it's a pretty good report to be honest because 300 billion euros is more or less what would be needed for a spanish bailout, for the amount of this potential deal for spain is credible. regarding the fact that the imf would be implicated in that story, again, it's credible because if you look at what the prime minister rajoy say a few days ago, he said he had no objection to the imf monitoring the spanish compliance with the condition of an international bailout. it's all about the condition of the bailout because if you remember also the prime minister say spain would not accept any additional condition for a bail skrout. he believes that the country fills all the requirement for the bailout in particular with respect to the european budgets target, deficit target that has been set. so basically what rajoy wanted to say he has no objection to check that spain would respect the public deficit target. i'm not sure that he's ready to accept anymore conditions
WHUT
Sep 25, 2012 7:30am EDT
. lagarde says growth may fall below 39% for the year. and spoke ahead of the imf and world bank conferences held in tokyo. >> we clearly still foresee a gradual recovery. but the global growth that we have forecasted 12 month as go, that we have revised six months ago is likely to be a little weaker than we had anticipated. >> legarde says european credit woes and the fiscal cliff in the u.s. are risk factors for the global economy. drastic belt tightening in the u.s. early next year unless democratic and republican lawmakers reach an agreement in time. lagarde is keachi ikeeping an ee japanese economy and a plan for reducing debt. japan carries a greater proportion of dealt on its books than any other industrialized nation. >>> the leaders of japan and colombia are weighing benefits of knocking down some of the barriers dividing their economies. they're expected to make an official decision on starting negotiation for a free trade deal. the prime minister noda and the president santos will decide during talks in new york. the countries have been contukticontukt icontukt -- cond
CSPAN
Sep 22, 2012 10:10pm EDT
ills of their country. it did not really hurt us economically. if you read the reports of the imf, you'll find that the sanctions had very little economic impact on burma. >> i will ask a question that came from twitter. the question is -- there are a number of agreements and peace negotiations on going in burma. what can the government do to build a trust with the ethnic groups and gain the confidence that the government is in fact responsive to their concerns? what role steeping civil society can play in that peace process in burma? >> there has been some distrust between the ethnic groups and the military government of burma for many years. you have to remember that most of the members of the civilian government and from the old military government. besides, the military still has a very powerful position. an example of the problem now is that some believe the seized policy would not be upheld without the military. it is a question of lack of trust. no one trusts anyone else. that needs time to be built up. i think we need to learn more about conflict resolution from those who have gon
CNBC
Sep 4, 2012 4:00am EDT
imf to be there in term of the technical appraisal of how the program will be working. spain which should be seeing some degree of positive movement to come from this. at the same time we have to bear in mind while this is a positive development, the situation in greece is still, of course, hanging in the balance there. and the economic news such as yesterday with the pmi data is suddenly very bad. >> we'll speak to thomas from the euro group and we can ask him about that part of the equation. >> good idea. >> that's kite hanquite handy. >> the question is about spain, if draghi lays it out and says this plan is going to if "x" happens i wonder if it means spain won't have to -- >> your issue for this could be tied up behind closed doors and announced as one big package. it would have a much better impact on markets and that's what would happen if this was done in washington. we discuss europe for many, many years and these decisions take time to get knitted together and this is a sequence we've got. we've got that euro group meeting coming on the 14 the of september. that's going
CNN
Sep 2, 2012 7:00am PDT
. i wanted to focus in on a story that does not get enough attention -- africa. the imf says that six of the ten fastest growing economies in 2012 are in africa. over the past decade, according to the african development bank, the number of middle-class consumers in africa, those who spend between $2 and $20 a day, has expanded 60% to 313 million. that's about the same size as the middle classes in china and india. health is improving, as well. according to the world bank, one key indicator, the death rate of children under 5, is dropping dramatically. over 5% a year in ten sub-saharan countries and over 8% in kenya, rwanda, and senegal. there are even bright spots in the reduction of corruption. ghana, south africa, namibia, rwanda, and botswana each has less corruption, gets this, than italy and greece according to transparency international. governance is improving in many countries. terrorism by islamic extremists remains, but there is progress here, as well. having largely driven the al qaeda-linked al shabab from mogadishu, the capital, the city is experiencing the longest perio
CNBC
Sep 11, 2012 4:00am EDT
underscore evans or @beccymeehan. >>> don't give up on the euro says the imf. but will investors heed the fund's call? we'll discuss. >>> schaeuble isn't one to mince words and he's out talking about the future of the euro and the united states. some of the news flashes include him saying that the cooling of the german economy is partly a normalization, the central bank independence has to be respected, that a significant rise in german unemployment is unlikely. and he makes a couple comments about the u.s. saying there's great uncertainty about how the u.s. will deal with the high debt levels that it putting pressure on the world economy. also of interest is that he's saying the source of the eurozone crisis is bad policies and member states. there are people who feel perhaps a little differently, think germany has played more of a role in imbalances. if there's anything else, we'll bring it to you. and the region needs to keep it faith in a single currency, this according to the deputy managing director. he told a world economic forum meeting that the euro was safe and says the if you s
CSPAN
Sep 9, 2012 5:00pm EDT
music to the ears of the folks at the imf who have had this view for some time that this is how these situations have to be dealt with. but everything doesn't have to get fixed today, but it does have to get fixed. the key is people have to have confidence that it will be fixed. that is the tricky part. how do you demonstrate convincingly that even though you are not fixing everything it wants the issue cannot, that we will fixed overtime? >> >> one of the things that i think is important to think through when you look at the u.s. right now is, if you look at the history of how we have dealt with these things, we went through one of the cycles in the late '80s and '90s. we got off the accounts of what seems like a single pass in the '80s and it became a retail political issues. it generated ross perot running for president. that led to a set of political choices that put us on the path for were in the late nineties, which is surpluses. all policy choices, but the point i would make is retail politics in the u.s. drove you to a solution. i would argue we are in the same place. mo
CSPAN
Sep 9, 2012 9:30pm EDT
, as i said, help egyptians survive. there is a concern about foreign domination. the imf is seen as another in a succession of foreigners who have come in and told egypt what to do with its economy. host: good morning. thank you for waiting. caller: my question is how the united states senate for given egypt of the $7 billion loan -- now, today, as of today, we have a new president there in egypt. i was born there, but i was raised in this country. this gives me a more open opportunity to understand what the middle east people cannot understand. i have a question. even though my wife was a supporter of anwar sadat, i was against him for going against jerusalem, because that is an occupied country of palestine. the current situation is the arab countries have to be united as one because they are all mediterranean, mediterranean greeks and mediterranean battalions, and so forth. all of them have great food, great cultures. -- mediterranean italians. we are changing that to a group of hateful people with religious codes. i understand what that is and i do not appreciate it. host: we wi
WHUT
Sep 12, 2012 7:30am EDT
expressways. imf deputy managing director supports the additional move china plans to make. he says the state of china's economy affects the global economy including asia and south america. >>> russian president vladamir putin is to enhance supervision of the country's major firms. this is seen as a move to hamper an eu antitrust probe into the gasprom. putin signed the decree tuesday, requiring major russian firms operating overseas to obtain government approval before giving internal information to foreign or international bodies. such firms will also need to get authorization to sell their stocks or change contract terms. earlier this month, the eu launched a probe into gasprom on suspicion it unfairly raised prices in countries. putin criticized the move. countries are heavily dependent on gas sa mrupplies from russia. >>> portugal agreed to postpone belt tightening targets. the portuguese prime minister told reporters that he wants the agreement because the the economy is performing worse than previously projected. they received a $100 billion bailout from the eu and imf. he sa
CNN
Sep 26, 2012 3:00pm EDT
money is cut off by the imf and the european union, you have a disablization in the market, something like lehman brothers in 2008. that's what people have to say. could something happen like that? i'm not saying we're getting there. but could something like that happen? it will affect the world economy just as much as lehman brothers, that's what analysts will tell you. >> we have just passed the year, couple of years after that, jim boulden, thank you so much. don't want to go back there at all. jim boulden in london. >>> illegal immigration a hot topic dividing mitt romney and barack obama and the election. what should america do with millions of undocumented immigrants living, studying, working here? we'll look at the candidates' competing plans next. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! there's a health company that can help you stay that way. what's healthier than that? >>> you migh
CSPAN
Sep 28, 2012 5:00pm EDT
exponentially over the last decade. today the international monitoring system or imf is roughly 85% complete and when fully completed there will be facilities in 89 countries spanning the globe. entry into force the full body of technical data gathered by the international monitoring system will be available for a verification purpose to of the parties. the system is already at work to read it detected the two nuclear explosive tests announced by north korea and the capabilities will continue to improve as the system is completed. in addition, with the nuclear crisis we have seen the utility of the imf for the verification related purposes such as the tsunami warnings and tracking the radioactivity from the reactor accident. entry force also will bring to bear the options for the on-site inspections which will clarify ambiguities regarding any potential nuclear test. taken as a whole, the treaty's robust verification regime which supplements hour own state of the art capability for monitoring the national technical means all of these will challenge any state trying to conduct milit
FOX Business
Sep 6, 2012 4:00pm EDT
uncertainty weighing on confidence and sentiment. ashley: the imf and france already welcoming the move from the ec but the usual flow, basically saying this is certainly illegal. he says that the pcb is printing money to prop up government and he said that is not something that the ec is allowed to do but they are pushing ahead and mario draghi was very pointed when he said we are just part of this deal. they rose with the euro zone political leader to put in the necessary fiscal reforms to get their budgets under control and of course we know the bond purchasing program does not solve the euro zone debt crisis. could be a long haul before that is accomplished. liz: ashley webster. are markets did beautifully. dave: the ecb bond buying plan and better than expected economic data fuelled a market rally today. some people say it might have been shortcoming in there. will this last? liz: drew has money in the game. one stock-option sheet trading adviser. a beautiful day today and a lot of people say don't buy on a day like this because you will be buying at higher levels. is there a follow-thr
KCSMMHZ
Sep 3, 2012 2:30pm PDT
package. at the end of the week, the eu, imf, and ecb tricot will reevaluate the process and they will determine whether or not happens receives the latest installment of bailout funds. >> on to the markets. european share start of the trading week with their biggest one-day gains in a month. our correspondent send us this information from frankfurt. >> there's no doubt the discussion about monetary policy continues to be the main driver in the markets. but that is why non-official statements draghi made in brussels are playing an even more important role. draghi reportedly said an intervention of the ecb is needed because the antar-bank system is malfunctioning meaning the financial system within the eurozone. that the reason to investors to continue to bed on held by the reserve bank and to continue to bet on rising stock prices. >> conrad in frankfurt. for a closer look on monday numbers, finishing up by more than .6%. stoxx finishing at 2463. no trading on wall street. it is a long holiday weekend and a labor day monday. the euro looking stronger. >> tensions are on the rise betwee
FOX Business
Sep 4, 2012 6:00pm EDT
imf and egypt. here to break it all down, k. t. mcfarland, the former secretary of defense and fox news contributor. always great to have your. why should we bail these people out? >> well, we shouldn't. i am a big believer in foreign aid when we get something for it. it's a lot better. but in this case the muslim brotherhood, anti-american, anti-israeli. they don't like us. they're taking over all aspects of the egyptian government. why should we give them money to continue to do so? they are trying to move out of the united states or bit. for 40 years egypt has been pro-american, and now we see increasing movement and steps and insinuations that they want to be friends with tehran. gerri: well, president boris you went to china first. did not come to us, did not go to a western nation. and then there are talking to ron. so, i mean, at the end of the day you have to wonder how this will work out. how do we know if any money we give them will be used in the way that -- >> well, the muslim brotherhood, anti-american. they now control the presidency, the parliament, the military, the
FOX Business
Sep 6, 2012 3:00pm EDT
of strict conventions that will be monitored by the imf. they're prepared to do that. to countries like spain and italy want someone coming in to the balance books is the big question. so far spain and italy said we won't apply for help. interesting to see what happens next. the ball is squarely in their court. his credibility on the line making the big announcement today and markets in europe reacting favorably as we have seen in the united states. the ftse up 12% and the cac index of 12% and bank stocks, french bank stocks up 7%. certainly a lot of positive reaction to this news but there are critics who say that the pcb is just throwing money at the problem. this is tantamount to finding governments by printing bank notes. there you go. strongly opposes this move. there are those who say it helps bring confidence back and brings down borrowing costs. bottom line is what does it do to address the euro zone debt crisis itself. this does not address it. it is down to individual governments to get their fiscal house in order. it could be a long time before that can be accomplished.
WHUT
Sep 26, 2012 6:00pm EDT
finance minister was the head of lehman brothers when it collapsed. the former head of the imf who also was a finance minister under a banking giant that is now being bailed out to the tune of 23 billion euros. >> can you say something about ise role in the housing cris in particular? >> basically, he was asked to handle this banking giant. it was basically several banks rolled into one that became this banking giant. he was asked to manage it. what happened was this banking giant basically had lent a lot of money to building companies that could not pay back the loans. and it also was landing and a lot of money to people who were mortgaging houses who could not return the money. it dug in south into a huge financial hole while at the same time not informing the government or the bank of spain or the right institutions. by the time he quit, it was asking for this huge public bailout. he is now being investigated by the spanish national court for mismanaging this bank. >> maria carrion, we were in spain just after the announcement came down right at the time when the announcement came do
FOX Business
Sep 14, 2012 4:00pm EDT
not going to change by increasings taxes, which is what the imf has been recommending they do. >> that's true. look back at united states. we're trying to create jobs here. the federal reserve the whole point of qe3 is to create jobs but they're facing massive secular changes. david: in fairness to bernanke, he says you need fiscal policies in order to create growth in the united states as well. that doesn't include raising taxes. if anything you lower tax rates. >> i think like a tug-of-war. they're doing all the qe trying to create jobs. over here you have technology. you announced last couple days, best buy. best buy and amazon. amazon is crushing best buy. costing them jobs. technology is costing us jobs. ipad itself, think what the independednt pad is doing to the computer industry. we used to have a two computers. now we have computer andist pad. jobs are being wipe out by technology. look at secular changes in the mortgage markets. they're lowing rates. i talk about my book. david: that is third plug for the book, go ahead. >> the mortgage market is brown. securitizatio
CNBC
Sep 24, 2012 4:00am EDT
banks are going to be well capitalized subject to the independent scrutiny of the imf and of course the private agencies that were also involved there. i think that's really the most that can be done at this stage because it is going to be very important and at the same time to achieve the necessary agreement on deposit insurance across the eurozone as a whole just given the size of the liabilities that potentially germany could be exposed to. >> julian, good to see you. thanks very much for joining us. >> we know any new levies would increase the uk's desire to not have to participate there. moving on, though, bae systems has said it could be a ban do that talks for the merger. financial times kriling a person close to bae says the group will not go ahead with the merger, quote, if its special security arrangement has to change to look more like that of eads. so what's it mean for the future of the deal? patricia has the latest from frankfurt. how significant is it that these companies sort of reassure the u.s. in particular on this point? >> i think it is absolutely crucial. and w
FOX Business
Sep 24, 2012 3:00pm EDT
global growth will likely be a bit weaker -- coming in weaker than what the imf anticipated as recently as july saying uncertainty is, quote, "having very real effects increasing divergence of economic forchips in the eurozone and a tepid recovery helping to contribute here in the united states." shements the europeans to do the -- she wants the europeans to do the unified banking supervision, unified fiscal policy, and shements the fiscal -- she wants the fiscal cliff addressed here in the united states. liz: ifo -- i-f-o, the german sentiment. people put emphasis into that. the recent health care law will hit the economy if not repealed. who did the survey? >> it's a really important survey, done by the national association of business economics, top economists at the country's biggest companies at places like dupont or wells fargo. the majority, 75% says health korsts continue to rise, and 60% say fewer employers provide coverage in the near future, and four out of the ten was the repeal of the health care law. the majority, nine out of ten said what is hanging up the u.s. e
FOX News
Sep 14, 2012 12:00am EDT
people and we will go to the imf and make sure you never get another penny. >> sean: shouldn't romney be saying that? >> that's what i would be saying. >> sean: that's what i would be saying. >> he has to. he has to move forward with courage and vision and say, haven't you had enough of this guy and a presidency that continues to bow down and bend over to insurgents and regimes that support terrorists! enough is enough. if this isn't a glaring, frightening example of an abysmal failure of obama administration's foreign policy, what do you need? the guy's gotta guy. >> sean: you were speaking about gel intelligence. it's 4:00 a.m. in the morning in kirow and this is what they are dealing with at 4:00 a.m. when we were watching tahrir square and the punditry class and the liberal meetia -- even though they were getting their punches -- their faces punched n. one reporter was beaten within an inch of her life and raped. but the media and our government -- democracy, this is a good thing. i am saying, what is going to dake over? it was obvious the muslim brotherhood was the only gr
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